Pharoah Cofporation manufactures drones, On December 31,2024 , it leasod to Oriole Company a drone that had cost $105,300 to manufacture. The lease agreement covers the 5 year useful life of the drone and requires 5 epual annual rentals of $43,200 payable each December 31, beginning Decernber 31,2024. An interest rate of 10% is implicit in the lease agreement. Collectibility of the rentals is probable. Prepare Pharoah's December 31,2024, journal entries, (List all debit entries before creflit entries Cmefit occount tilles are dutomotically Indented when amount is entered. Do not indent monually. If no entry ks required, select "No Entry" for the occount tities and enter Ofor the amounts. For colculatien purposes, use 5 decimal places as dleploped in the foctor table provited and round final answers fo 0 decimal places eg. 5,275) Chickhere to view factor tables